There are a variety of ways in which households have debt. The largest is probably the mortgage
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There are a variety of ways in which households have debt. The largest is probably the mortgage on the home they live in. Others include student debt, vehicle loans, and credit card debt.
a. To determine how much debt is carried by middle- class American families estimate the mean debt (DEBT).
b. Is the required condition satisfied? If not, why not?
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a b The required condition is that the variable is normally distrib...View the full answer
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